Mexico: Transmission Apparatus Market 2025

Transmission Apparatus Market Size in Mexico

The Mexican transmission apparatus market fell to $X in 2021, remaining constant against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Transmission Apparatus Production in Mexico

In value terms, transmission apparatus production fell remarkably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable downturn. The growth pace was the most rapid in 2020 with an increase of 88% against the previous year. As a result, production attained the peak level of $X, and then plummeted in the following year.

Transmission Apparatus Exports

Exports from Mexico

For the third consecutive year, Mexico recorded decline in overseas shipments of transmission apparatus incorporating reception apparatus, which decreased by -27.9% to X tons in 2021. Over the period under review, exports showed a dramatic setback. The growth pace was the most rapid in 2018 when exports increased by 30% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, transmission apparatus exports declined significantly to $X in 2021. In general, exports recorded a precipitous contraction. The growth pace was the most rapid in 2018 with an increase of 40% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for transmission apparatus exports from Mexico, with a 90% share of total exports. Moreover, transmission apparatus exports to the United States exceeded the volume sent to the second major destination, China (X tons), more than tenfold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-8.9% per year) and Hong Kong SAR (+8.5% per year).

In value terms, the United States ($X) remains the key foreign market for transmission apparatus incorporating reception apparatus exports from Mexico, comprising 90% of total exports. The second position in the ranking was taken by China ($X), with a 5.2% share of total exports. It was followed by Hong Kong SAR, with a 2% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -26.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-8.5% per year) and Hong Kong SAR (+10.1% per year).

Export Prices by Country

The average transmission apparatus export price stood at $X per ton in 2021, remaining stable against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Transmission Apparatus Imports

Imports into Mexico

In 2021, after two years of decline, there was significant growth in supplies from abroad of transmission apparatus incorporating reception apparatus, when their volume increased by 31% to X tons. Over the period under review, imports, however, showed a abrupt downturn. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, transmission apparatus imports soared to $X in 2021. In general, imports, however, showed a slight downturn. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of transmission apparatus to Mexico, with a 85% share of total imports. Moreover, transmission apparatus imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), sixfold. The third position in this ranking was held by the United States (X tons), with a 0.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+175.3% per year) and the United States (-38.2% per year).

In value terms, China ($X) constituted the largest supplier of transmission apparatus incorporating reception apparatus to Mexico, comprising 85% of total imports. The second position in the ranking was held by Vietnam ($X), with a 14% share of total imports. It was followed by the United States, with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+187.1% per year) and the United States (-35.9% per year).

Import Prices by Country

The average transmission apparatus import price stood at $X per ton in 2021, rising by 3.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.5%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 27% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+46.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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